Pop quiz: How accurate are your economic assumptions?

During the W. P. Carey School's annual Economic Oulook Luncheon, guests have an opportunity to test their personal economic knowledge. How confident are you that you understand background facts on economic issues? Try this short quiz to find out if you are an honors student.

During the W. P. Carey School's annual Economic Oulook Luncheon, guests have an opportunity to test their personal economic knowledge. How confident are you that you understand background facts on economic issues? Try this short quiz to find out if you are an honors student.

1. According to the U.S. Census Bureau, the top 3 destinations for state-to-state migration in 2013 were:

1. Texas, Colorado, California
2. California, Texas, Arizona
3. Texas, Florida, North Carolina
4. California, Texas, Georgia

2. The percentage of Maricopa County single family rental homes now owned by large institutions is:

1. 5%
2. 16%
3. 31%
4. 47%

3. In a recent “Economic Minute” we learned that labor force participation has been trending down because of the aging of the baby boomer population. Statistics show that 10,000 people in the U.S. reach age 65 each:

1. day
2. week
3. month
4. quarter

4. In Arizona, the top 3 percent of income earners pay what percentage of all individual income taxes collected?

1. 20%
2. 40%
3. 60%
4. 80%

5. In Maricopa County, how did new home sales in 2013 compare with 1999?

1. 68% lower
2. 27% lower
3. about the same
4. 34% higher

6. In 1985 Arizona per capita personal income was 93 percent of the national average. In 2013, after three decades of economic growth, Arizona per capita personal income was what percent of the national average?

1. 63%
2. 83%
3. 123%
4. 103%

7. Based on job growth data from the U.S. Bureau of Labor Statistics for 2013, the Phoenix metro area ranked first among the 28 largest labor markets in the rate of growth and absolute number of new jobs created in:

1. construction
2. finance
3. food service
4. manufacturing

Bonus Question: Nevada and Florida rank highest for percentage of negative equity mortgages. The top 5 states combined account for 37% of all underwater mortgages. Name the remaining three of the top 5 states from this list:

1. Arizona
2. Maine
3. Colorado
4. Ohio
5. Texas
6. Illinois
7. Oregon

Scoring: 10 points possible. Correct answer is 1 point, Bonus Question is 3 points. Contestant with highest score at each table commandeers desert from player with lowest score.

Quiz answers